AHA's housing developments are built using a complex variety of funding sources primarily from local jurisdictions, such as cities and counties, and through the sale of low-income tax credits awarded to AHA by the federal government. (Low-income tax credits are granted to exceptional developers of affordable housing, who then resell the credits to for-profit companies as a way of generating revenue). The remainder of the money AHA receives for its projects comes through special low-interest loans negotiated with commercial banks. We believe that a wide variety of funding sources ensures both stability and longevity, maximizing AHA’s income while minimizing overdependence on any one revenue source.
The costs of day-to-day operation generated from tax credits and loans aren’t designed to cover AHA’s day-to-day operating costs, staff salaries, and office expenses, however. AHA's operations are funded through a combination of grants from private foundations and banks, individual donations, and property management and developer fees. Because we refuse to cut corners or compromise on quality, the costs of running a nonprofit organization like AHA can sometimes be high. If you can help us fulfill our mission of bringing beautiful, affordable housing to those who need it most, please contact Susan Friedland at 510-649-8500 x15.